Mexico has officially reversed its ban on genetically edited and modified corn imports.
It comes after the U.S. successfully argued the measure violates its commitments under a North American free trade deal, according to AgriPulse.
Last December, a dispute resolution panel sided with the U.S., granting Mexico 45 days to comply or face potential tariffs. The move eliminates a significant trade barrier, as the U.S. is Mexico’s largest corn supplier.
President Claudia Sheinbaum continues to push for limits on GM corn production within Mexico.
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American Soybean Association President Caleb Ragland joins us to share his reaction to September’s WASDE and discuss the trade uncertainty between China and his industry.
Harvested acres are estimated at 90.0 million, making this year’s corn crop one of the largest since the 1930s.
China has been largely absent from U.S. markets lately, but not when it comes to cotton. It’s a buy that, traders say, isn’t surprising given China’s limitations.
As the White House works to close the trade gap, patience is wearing thin for some lawmakers. Senator Chuck Grassley (R-IA) says farmers are getting backed into a corner.
The September WASDE report comes out on Friday at Noon ET. As always, we’ll bring you those numbers right here on Market Day Report along with our expert
Pressure to lower gas prices across the Golden State could be the saving grace of this year’s corn harvest. California may soon be the final U.S. state to approve E-15 sales.
